Investors will receive a detailed financial snapshot of Madison Square Garden Sports Corp. this week. The company, which owns the storied New York Knicks and New York Rangers franchises, is scheduled to release its quarterly results before U.S. markets open on Thursday, February 5, 2026. The report will cover the second fiscal quarter, which concluded on December 31, 2025.
This earnings release is highly anticipated following a challenging previous quarter. Market participants are keen to see if the robust operational performance of its teams can stabilize revenues after a significant dip.
The prior quarter saw a 26% decline in revenue, which fell to $39.5 million. This was attributed to timing shifts in league distributions and the scheduling of new local media rights agreements. Consequently, the focus for the upcoming report will be on whether strong fan engagement is translating into financial performance.
Both the Knicks and Rangers entered their current seasons with a solid foundation, boasting a season ticket holder renewal rate of approximately 94%. Analysts will be examining the new figures to gauge the impact of this loyalty on key revenue streams, including sponsorship deals and premium seating sales.
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Debt and Liquidity in the Spotlight
The company’s balance sheet and capital structure remain critical areas for investor analysis. As of the end of 2025, Madison Square Garden Sports carried total debt of roughly $622 million. How the company manages this interest-bearing load and its overall liquidity will be a point of examination.
In a related move to bolster financial flexibility, the subsidiary of the New York Knicks secured a new revolving credit facility worth $425 million in November 2025. This funding is intended to support ongoing operational needs and potential future growth initiatives.
Key Details for the Upcoming Report
Earnings Date: February 5, 2026 (pre-market)
Fiscal Period: Q2 FY2026 (ended December 31, 2025)
Recent Financing: $425 million credit facility for the Knicks (secured November 2025)
Total Debt: Approximately $622 million (as of year-end 2025)
The forthcoming disclosure is expected to provide granular data on in-venue spending trends during the first half of the season. Furthermore, updates on the evolving local media rights landscape will be closely watched, as this segment continues to be a crucial component of the overall revenue model. A conference call for analysts and investors is set to follow at 10:00 a.m. Eastern Time.
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